FINANCIAL WELLBEING BENEFITS
401(k) Retirement Plan
HL offers a 401(k) Retirement Plan for employee to participate from their first day of employment. Below is an overview of the program:
Eligible Employees: Permanent employees who work 1,000 hours or more a year may participate in the Retirement Plan.
Automatic Enrollment: If employees don’t make their contribution and investment elections within their first 30 days of employment, Principal will automatically enroll them at a 6% deferral rate and select a Vanguard Target Dated Fund.
Annual Auto-escalation: Each year, on April 1st, individual deferral rates will be increased by 1% unless the auto escalation is turned off or it maxed out at 10%.
Hamilton Lane’s 401(k) Retirement Plan & Profit-Sharing Contributions
HL provides a 3% Profit-Sharing contribution that begins on your first day and eligible to receive it regardless of whether you contribute to HL’s 401(k) Retirement Plan. This contribution is funded on a per pay basis and subject to the IRS contribution limits. In addition, the vesting schedule for HL’s Profit-Sharing contributions are the following:
Hamilton Lane Employee Stock Purchase Plan
The Hamilton Lane Employee Stock Purchase Plan (ESPP), administered by Morgan Stanley, is a voluntary benefit program that allows you to buy shares of HL stock at a 15% discount with funds you contribute through after-tax payroll deductions, allowing you to participate in the financial performance of the company. Contributions can be between 1% and 50% of your base salary. Employees can participate and join at any time prior to the first date of the quarterly offering period.
Student Loan Contribution and Refinancing Programs
SoFi Student Loan Contribution Program
Student loan debt can cause stress for employees so we’ve teamed up with SoFi to help. For those who graduated within the last 5 years, HL will contribute $125 per month directed toward the principal balance of your student loan. To participate, ensure your education information is updated in Workday and contact the Benefits team benefits@hamiltonlane.com.
SoFi Student Loan Refinancing Program
HL also partners with SoFi to help our employees better manage student debt through their refinancing program. SoFi may be able to save you thousands of dollars by refinancing federal and/or student loans at low rates. Note this program is separate and not contingent on the Repayment Program.
Discount Program via LifeMart
Access discounts on travel, hotels, car rentals, tickets & entertainment, Gyms, fitness & wellness products, electronics, food delivery like Hello Fresh, grocery coupons and more by registering at hamiltonlane.care.com.
